India launches postal stamp on StanChart's 150th anniversary
Friday, 21 November 2008
The government of India has launched a commemorative postal stamp to mark Standard Chartered's 150th anniversary, says a press release.
Indian President Pratibha Patil released the stamp ceremonially at Rashtrapati Bhavan in New Delhi, the official residence of the President of India recently.
Indian Postal Services Board Member Meera Dutta, Standard Chartered PLC Group Chief Executive Peter Sands and Chief Executive (Asia) Jaspal Bindra were also present on the occasion.
"This stamp is a recognition of the bank's commitment and contribution to this country. India is one of the most valuable countries in Standard Chartered's network. We began our journey with this country, opening our first branch in Kolkata 150 years ago. Today, we are the country's largest international bank with 90 branches across 33 cities," said Sands.
The postal stamp is valued at Rs 5, the minimum cost for sending a letter in India. The design of the stamp depicts the rich partnership and heritage shared between India and Standard Chartered over the last 150 years.
The image of the famous Standard Chartered Bank heritage building in Mumbai, which has been the bank's headquarters for most of the past 100 years, has been depicted in the stamp.
The Standard Chartered Bank Building was designed by Frederick Williams Stevenson, one of the most acclaimed architects of the nineteenth century. The building has become a landmark in southern Mumbai and is a tangible part of the city's heritage.
Today the sandstone building with its high-arched entrances and gleaming white domes dominates the bustling Mahatma Gandhi Road and houses the bank's flagship branch, a tastefully designed banking hall offering the full range of services.
Standard Chartered moved into the building in 1902 after operating out of a rented premise for close to half a century.
Over the past 150 years, Standard Chartered has emerged as one of the world's leading banks, with a focus on emerging markets in Asia, Africa and the Middle East.
As India's oldest and largest international bank, Standard Chartered has witnessed and participated in India's emergence as a political and economic giant.
Now, the bank is serving more than 1,200 top Indian corporations and over 2 million retail customers.
India in turn is one of the most valuable countries for Standard Chartered, accounting for over 23 per cent of profits in the first half of 2008.
India houses the largest unit of Scope International - the Group's operations and technology hub.
Indian President Pratibha Patil released the stamp ceremonially at Rashtrapati Bhavan in New Delhi, the official residence of the President of India recently.
Indian Postal Services Board Member Meera Dutta, Standard Chartered PLC Group Chief Executive Peter Sands and Chief Executive (Asia) Jaspal Bindra were also present on the occasion.
"This stamp is a recognition of the bank's commitment and contribution to this country. India is one of the most valuable countries in Standard Chartered's network. We began our journey with this country, opening our first branch in Kolkata 150 years ago. Today, we are the country's largest international bank with 90 branches across 33 cities," said Sands.
The postal stamp is valued at Rs 5, the minimum cost for sending a letter in India. The design of the stamp depicts the rich partnership and heritage shared between India and Standard Chartered over the last 150 years.
The image of the famous Standard Chartered Bank heritage building in Mumbai, which has been the bank's headquarters for most of the past 100 years, has been depicted in the stamp.
The Standard Chartered Bank Building was designed by Frederick Williams Stevenson, one of the most acclaimed architects of the nineteenth century. The building has become a landmark in southern Mumbai and is a tangible part of the city's heritage.
Today the sandstone building with its high-arched entrances and gleaming white domes dominates the bustling Mahatma Gandhi Road and houses the bank's flagship branch, a tastefully designed banking hall offering the full range of services.
Standard Chartered moved into the building in 1902 after operating out of a rented premise for close to half a century.
Over the past 150 years, Standard Chartered has emerged as one of the world's leading banks, with a focus on emerging markets in Asia, Africa and the Middle East.
As India's oldest and largest international bank, Standard Chartered has witnessed and participated in India's emergence as a political and economic giant.
Now, the bank is serving more than 1,200 top Indian corporations and over 2 million retail customers.
India in turn is one of the most valuable countries for Standard Chartered, accounting for over 23 per cent of profits in the first half of 2008.
India houses the largest unit of Scope International - the Group's operations and technology hub.